Reliable Private Equity Fund Invests in Akama Hotel: Expansion Plans Unveiled

The agreement involves an investment in Akama Hotel Limited, a fully operational four-star hotel, by the Reliable Private Equity Fund managed by Reliable Venture Capital Limited.

The CEO of the fund and the president of Akama Hotel signed the investment agreement.

The fund will invest 22 crore 50 lakhs rupees in Akama Hotel, acquiring shares equivalent to ten percent of the share capital post the initial public offering.

The Reliable Private Equity Fund, registered with the Securities Board of Nepal, focuses on investing in unlisted organizations, serving as an alternative financial source for such entities.

Akama Hotel Limited is going to issue an IPO to the general public to increase the authorized capital, issued capital, and paid-up capital of the company.

Akama Hotel Limited, established in May 2014 and converted into a public limited company in July 2022, is developing a 4-star deluxe hotel named Hotel Akama in Dhumbarahi, Kathmandu. Supported by the Sanima Group, the project includes 108 rooms, conference/event halls, dining, and a bar on a 1.13-acre land parcel.